Leveraged Long + Income MSTR ETFMST

$10.74

+7.3% last session

−58.5% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026MSTS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+7.3%	−33.4%	+39.3%	−58.5%	−86.6%	—	—	−95.0%
Peer average	+0.9%	−5.9%	+11.7%	−6.1%	−16.9%	+80.7%	—	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $21M
Expense ratio: 2.02%
Distribution yield: 239.3%
NAV: $10.06
Volume: 109K
Avg. volume 30D: 121K
High today: $11.10
Low today: $10.18
Previous close: $10.01
52-week high: $163.80
52-week low: $6.53
Our risk indicator: 4/5

MST in One Breath

MST Among Thematic Income ETFs

YTD

#1NVITYieldMax+15.9%$16.1M

#2NVIIRexshares+14.0%$105M

#3APLYYieldMax+12.2%$110M

#4NVDYYieldMax+10.9%$1.3B

#5MSFOYieldMax+8.0%$95.6M

#6AMZYYieldMax+6.1%$215M

#7PLTYYieldMax+2.5%$341M

#8TSLYYieldMax−7.9%$673M

#15MSTDefiance−58.5%$20.6M

End-of-day Nov 4, 2026 · 15 Thematic Income ETFs by YTD

$10,000 in MST

$10,000 in MST became

$496

In the S&P 500 (VOO)

$13,553

Total return, dividends in · May 2, 2025 – Nov 3, 2026 · S&P 500 uses VOO

MST Returns by Period

Today

YTD

MAX

MST

+7.3%

−33.4%

+39.3%

−58.5%

−86.6%

—

−95.0%

Peer average

+0.9%

−5.9%

+11.7%

−6.1%

−16.9%

+80.7%

—

S&P 500 · VOO

+0.3%

−2.6%

−1.7%

+11.5%

+11.9%

+90.9%

+77.5%

—

End-of-day Nov 4, 2026 · total return, dividends in · peers = 24 Thematic Income ETFs

MST’s Thematic Income Rank

YTD

#36of 36
thematic income ETFs

Best · SOXY+45.4%

Average−1.3%

MST−58.5%

Worst · MST−58.5%

Thematic Income ETFs by YTD return · Nov 4, 2026

MST Price and 52-Week Range

From the 52-week high

−93.4%

From the 52-week low

+64.5%

Today $10.18 – $11.10

Previous close $10.01

$10.74 now

52-week low$6.5352-week high$163.80

End-of-day Nov 4, 2026 · box = today’s range, dashed = previous close

MST’s Size vs Its Peers

Today

$20.6M#11 by size of 25 thematic income ETFs

AUM · MST and the 5 largest peers · Nov 4, 2026

MST Fee per $100 vs Peers

Today

$2.02a year
per $100

$202 a year on $10,000

MSTY$1.03

CONY$1.04

TSLY$1.07

PLTY$1.07

NVDY$1.09

MST$2.02

Expense ratio · Thematic Income peers · Nov 4, 2026

Inside MST

11 holdings

MST

Leveraged Long + Income MSTR ETF

Today

MST reports no holdings we can show: […]

Defiance MST · holdings

How It Compares

MST

Leveraged Long + Income MSTR ETF’s Peers

Today


NVDY	YieldMaxRead Desk	1.09%	+1.9%	+5.7%	$1.3B
MSTY	YieldMaxRead Desk	1.03%	+3.3%	−44.6%	$962M
TSLY	YieldMaxRead Desk	1.07%	−1.1%	−8.9%	$673M
PLTY	YieldMaxRead Desk	1.07%	−0.7%	−8.7%	$341M
CONY	YieldMaxRead Desk	1.04%	+4.8%	−51.4%	$289M
MST	DefianceThis fundRead Desk	2.02%	+7.3%	−86.6%	$21M

Thematic Income peers · Today’s and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put MST head to head with NVDY →

NVDY vs MST

YTD

NVDYYieldMaxMSTDefiance

Year to date

+10.9%

−58.5%

NVDY wins+69.4 pts

Past year

+5.7%

−86.6%

NVDY wins+92.3 pts

Fee

1.09%

2.02%

NVDY winslower fee

Yield

54.3%

239.3%

MST wins+185.1 pts

AUM

$1.3B

$20.6M

NVDY60.7× more

3–1NVDY wins

YieldMax NVDY and Defiance MST · year-to-date · as of Nov 4, 2026 · AUM not scored

MST vs VOO

YTD

MST · Leveraged Long + Income MSTR

−58.5%

VOO · S&P 500

+11.5%

Gap

70.0 pts

Defiance MST and Vanguard VOO · Today total return · as of Nov 4, 2026

MST vs Its Peer Average

YTD

MSTAvsBPeer average

1D+7.3%+0.9%

1M−33.4%−5.9%

3M+39.3%+11.7%

YTD−58.5%−6.1%

1Y−86.6%−16.9%

3Y[…]+80.7%

2–3Peer average wins

24 Thematic Income peers · each row scaled to its leader

The Details

MST

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y144.38%

Deepest drop · 1Y−93.0%

Lowest point · 5Y−97.2%

52-week range

$10.74

$6.53−93.4% from the high$163.80

Defiance MST · past-year price moves · as of Nov 4, 2026

MST

Fund Facts

Today

2025launched May 1

Tracks[…]

Exchange · CUSIPNASDAQ · 88636W189

StructureETF

Leverage1x

Cost on $10,000$202 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Defiance MST · fund facts · as of Nov 4, 2026

MST

Payouts by Year

$0.0717per share, Oct 2026

Distribution yield239.3%

PaidEvery week

Latest ex-date · paidOct 28 · Oct 29, 2026

12 payouts added up$1.11 a share

Defiance MST · distributions by ex-date · 2025–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗summary prospectus · SEC 497K ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2026-03-31 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗prospectus · SEC 497 ↗

Trading & Liquidity

Net asset value$10.06

Premium / discount[…]

Median spread · 30D[…]

Volume today109K

Average volume · 30D121K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio2.02%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$202.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 28, 2026	Oct 29, 2026	$0.0717
Oct 21, 2026	Oct 22, 2026	$0.0763
Oct 14, 2026	Oct 15, 2026	$0.0947
Oct 7, 2026	Oct 8, 2026	$0.11
Sep 30, 2026	Oct 1, 2026	$0.11
Sep 23, 2026	Sep 24, 2026	$0.10
Sep 16, 2026	Sep 17, 2026	$0.10
Sep 9, 2026	Sep 10, 2026	$0.11
Sep 2, 2026	Sep 3, 2026	$0.11
Aug 26, 2026	Aug 27, 2026	$0.0798
Aug 19, 2026	Aug 20, 2026	$0.0722
Aug 12, 2026	Aug 13, 2026	$0.0703

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